Available Finance sets Sept 9 AGM; e-voting opens Sept 6
Available Finance Limited has confirmed its 34th AGM for September 9, 2026, focusing on board confirmations and related-party transaction approvals. Remote e-voting will run from September 6 to September 8. The company reported a standalone net profit of ₹22.31 lakh for FY26, while consolidated profits surged to ₹1,073.64 crore driven by associate entities.
*this image is generated using AI for illustrative purposes only.
Available Finance has scheduled its 34th Annual General Meeting for Wednesday, September 9, 2026, at 12:30 pm in Indore. The meeting will be conducted in hybrid mode, allowing participation via Video Conferencing or Other Audio Visual Means alongside physical attendance at Hotel Surya. Shareholders holding shares as on September 2, 2026, are eligible to vote. The company published the notice of the AGM and remote e-voting details in "Free Press" (English Edition) and "Choutha Sansaar" (Hindi edition) on Tuesday, August 18, 2026.
The primary ordinary business involves receiving and adopting the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The explanatory statement notes that the company, an unregistered core investment company, reported a gross turnover of ₹60.47 lakh and profit before tax of ₹31.31 lakh for FY26.
E-Voting Schedule
Shareholders may cast their votes electronically using the facility provided by National Securities Depository Limited (NSDL). The remote e-voting process follows a specific timeline:
| Event | Date and Time |
|---|---|
| Commencement of remote e-voting | Sunday, September 6, 2026 at 9:00 am |
| End of remote e-voting | Tuesday, September 8, 2026 at 5:00 pm |
Members who have not exercised remote e-voting prior to the AGM may vote electronically or through poll during the meeting. CS Ishan Jain has been appointed as the Scrutinizer to ensure the fairness of the e-voting process.
Board Appointments
The special business agenda focuses on confirming several director appointments effective from July and August 2026:
- Mr. Pramod Kishore Shrivastava: Confirmation as Chairman and Professional Non-Executive Director.
- Mr. Sahaj Jain: Confirmation as Professional Executive Director and Whole-Time Director for a three-year term. His remuneration is capped at ₹1 lakh per month plus standard perquisites.
- Mr. Suyash Choudhary: Confirmation as Professional Executive Director and Whole-Time Director for a brief tenure from July 24, 2026, to August 14, 2026. He resigned from these roles on August 14, 2026, but continues as Company Secretary. His remuneration was also capped at ₹1 lakh per month during this period.
- Mr. Manish Chandan: Confirmation as Professional Non-Executive Director effective August 14, 2026.
Related Party Transactions
Shareholders will vote on an omnibus approval for related-party transactions up to ₹1 crore until the next AGM in 2027. The proposed transactions involve loans and advances with Ad-Manum Finance Limited (AMFL), an NBFC in which Available Finance holds a 3.601% stake.
The justification cites RBI restrictions on unregistered core investment companies, which require maintaining minimum net assets of 90% in group concerns. Previous transactions with AMFL in FY26 included loans given of ₹43 lakh, repayments of ₹46.41 lakh, and interest charged of ₹54.16 lakh. In the current fiscal year till June 30, 2026, the company gave loans of ₹15 lakh, received repayments of ₹27.96 lakh, and charged interest of ₹13.58 lakh. The proposed transaction value represents 165.35% of the listed entity’s annual consolidated turnover for the preceding financial year.
Financial Performance
For FY26, Available Finance reported a standalone net profit of ₹22.31 lakh, a decrease of 1.02% from ₹22.54 lakh in FY25. Revenue from operations increased by 6.72% to ₹60.48 lakh from ₹56.67 lakh.
However, on a consolidated basis, the company reported a significant profit surge. Consolidated profit for the period reached ₹1,073.64 crore, up from ₹1,038.27 crore in the previous year. This growth was primarily driven by the share in profit of associates, which stood at ₹1,071.41 crore compared to ₹1,036.01 crore in FY25.
What the Numbers Show
The divergence between standalone and consolidated results highlights the company's structural reliance on its associate entities. While the parent entity generated minimal operating revenue (₹60.48 lakh), its equity share in the profits of associates contributed over 99.8% of the total consolidated profit. This underscores Available Finance's role as an investment holding vehicle rather than an independent revenue-generating operation, aligning with its classification as an unregistered core investment company constrained by RBI asset-holding norms.
Historical Stock Returns for Available Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.39% | -0.98% | -4.51% | +9.07% | -15.86% | +89.14% |
How might the RBI's 90% net asset holding requirement for unregistered core investment companies limit Available Finance's strategic flexibility in diversifying its portfolio beyond group concerns?
Given the massive divergence between standalone and consolidated profits, what risks do shareholders face if the performance of associate entities declines or if equity accounting rules change?
With an omnibus approval for related-party transactions up to ₹1 crore representing over 165% of annual turnover, what safeguards are in place to prevent conflicts of interest with Ad-Manum Finance Limited?
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